iShares High Yield Muni Income Active ETF (BATS:SHYM) Sees Significant Decrease in Short Interest

iShares High Yield Muni Income Active ETF (BATS:SHYMGet Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 47,864 shares, a decline of 40.8% from the May 31st total of 80,846 shares. Based on an average daily trading volume, of 204,187 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at $8,342,000. FourThought Financial Partners LLC raised its stake in shares of iShares High Yield Muni Income Active ETF by 0.4% in the 4th quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock worth $2,357,000 after buying an additional 474 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 117.0% in the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after buying an additional 45,287 shares during the period. Wealth Advisors of Tampa Bay LLC acquired a new stake in shares of iShares High Yield Muni Income Active ETF in the fourth quarter valued at $1,000,000. Finally, Weitzel Financial Services Inc. boosted its stake in iShares High Yield Muni Income Active ETF by 72.2% during the fourth quarter. Weitzel Financial Services Inc. now owns 16,306 shares of the company’s stock valued at $363,000 after buying an additional 6,836 shares in the last quarter.

iShares High Yield Muni Income Active ETF Stock Down 0.3%

Shares of BATS:SHYM opened at $22.39 on Thursday. The company has a 50 day moving average of $22.25 and a 200-day moving average of $22.26. iShares High Yield Muni Income Active ETF has a twelve month low of $21.90 and a twelve month high of $22.53.

About iShares High Yield Muni Income Active ETF

(Get Free Report)

The iShares High Yield Muni Income Active ETF (SHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. SHYM was launched on Mar 16, 2021 and is issued by BlackRock.

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